Aspirus Iron Area Health Foundation

About Us

The Aspirus Iron Area Health Foundation is a separate not-for-profit health care organization, which is dedicated to caring for the communities of Upper Michigan and Northern Wisconsin by directly supporting the mission and vision of Aspirus Iron River Hospital and Clinics.

We achieve this through the development of relationships and partnerships with individuals, corporations, foundations and others who endorse our position to provide quality health care, community education and development of new programs and services.

Advancements in technology and treatment occur continuously. Financial resources are essential for the provision of excellence in care we notably provide to our patients and families. The significance of your gift assures continuance of this care as it is used to augment the operating revenues of Aspirus Iron River Hospital and Clinics for endeavors which cannot be funded through general operating revenue.

Mission Statement

The Aspirus Iron Area Health Foundation directly supports the mission of Aspirus Iron River Hospital and Clinics through securing, distributing and stewarding financial investments for critical resources which will advance the healthcare and healthy lifestyles expected by our region's residents and visitors.

Ways to Give

There are various ways you can facilitate the continuance of health care resources for our region with a gift to the Aspirus Iron Area Health Foundation. Your gift ensures quality of care for present and future needs.

In person - Please call ahead to make an appointment or to ensure someone will be in the office.

Types of Gifts

Cash Gifts - Gifts of cash can have an immediate effect in addressing our most essential healthcare priorities. You may gift by mail, online or in person.

In-Kind Gifts - The foundation welcomes non-cash contributions of items that directly benefit patients, as long as the department receiving the gift deems it acceptable and appropriate. The donor maintains responsibility of indicating the value of the gift.

Stock Gifting - Appreciated stock is frequently used for charitable gifting. This type of donation offers advantages to both the donor and the Foundation. The donor may qualify for a tax deduction at the stock's appreciated rate. The Foundation can sell the stock and use the revenue for desired equipment and/or program development.

Real Estate Gifting - Real estate, whether personal or commercial property, is an opportunity for a donor to safeguard cash assets and realize tax and income benefits.

Planned or Deferred Gifting - This method of giving offers the Foundation stability, providing a reserve for its future. These gifts offer advantages specific to immediate tax deductions, the elimination of capital gains tax, potential to increase spendable income and reduce estate and gift taxes. Common planned giving options include:

Life Insurance - In naming Aspirus as the beneficiary of a life insurance policy, you increase your potential to make a significant gift.

Annuities - This opportunity allows you to make a charitable gift, receive income for life, avoid capital gains and possibly earn an immediate charitable tax deduction.

Bequests - A considerate gesture to name Aspirus Iron Area Health Foundation as a beneficiary in your will.

Life Estate Gifts - This option provides the donor an opportunity to gift their property to the Foundation, while continuing to reside at the property for the remainder of their life. The donor avoids capital gains taxes and in fact receives considerable tax benefits. You may consider gifting the entire property or a portion thereof.

You may contact your personal financial representative for assistance or call our office directly at 906-308-0239 so that we may refer you to our brokerage firm.

Confidentiality

The established practice of the Aspirus Iron Area Health Foundation is that we do not sell or distribute our mailing list or any donor information to other parties.

Donor Recognition

"If there be any truer measure of a man than by what he does it must be by what he gives."

- Robert South

The Aspirus Iron Area Health Foundation appreciates those who support our service to this region and recognize each gift made at both an annual and cumulative basis.

Aspiring Care: Gifts up to $99 - Made on an annual basis

Aspiring Compassion: Gifts of $100 - $999 - Made on an annual basis

Aspiring Hope: Gifts of $1,000 - $9,999 - Cumulative

Aspiring Innovation: Gifts of $10,000 - $24,999 - Cumulative

Aspiring Solutions: Gifts of $25,000 - $99,999 - Cumulative

Aspiring Excellence: Gifts of $100,000 and over - Cumulative

Aspiring Benefactor: Planned Gifts are recognized at this level

When cumulative donations or a one-time donation has reached $1,000 or more, donors will be listed permanently on the donor wall in the lobby of the hospital.

Foundation Board

Your financial donation can have a direct and lasting impact on your family, friends, and neighbors.

Board Members

Chairperson

Mark Tousignant

Vice Chairperson

Sue Omdahl

Treasurer

Randy Jacobs

Secretary/Assistant Treasurer

Steve Tinti

Board Members

Connie Koutouzos, Aspirus Iron River CEO

Glenn Dobson, Aspirus Iron River CFO

Chris Kent

Erin Schoone, O.D.

Katie Clark

Peg James, Foundation Director

Honorary Board Member

Robert Possanza

The Aspirus Iron Area Health Foundation will help to make its communities stronger and healthier by supporting efforts to address health and wellness concerns in our service area.

Funding targets a program or activity which promotes health, healing, and wellness. Eligibility is specific to non-profit organizations and governmental units.

To request funds from the Aspirus Iron Area Health Foundation, the “Grant Application” form must be submitted to the Foundation office electronically or by physical mail two weeks prior to the grant meeting so that the Board may review the request. Grant requests are considered twice a year – April 1st and November 1st, and will be reviewed by the executive committee of the Board by April 30th and November 30th. Grant decisions and notifications will be made no later than 15 days following the reviews.

A representative from the requesting organization may be requested to provide a brief presentation to the Board of Directors.